Recap: Lowe's Companies Q1 Earnings
Portfolio Pulse from Benzinga Insights
Lowe's Companies (NYSE:LOW) reported Q1 earnings of $3.67 per share, beating estimates by 6.69%. However, revenue was down $1.31 billion compared to the same period last year.
May 23, 2023 | 10:06 am
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Lowe's Q1 earnings beat estimates with an EPS of $3.67, but revenue was down $1.31 billion YoY.
Lowe's reported better-than-expected earnings, which could positively impact the stock price. However, the decline in revenue compared to last year may offset the positive sentiment, resulting in a neutral short-term impact.
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